leasing in kazakhstan: post crisis experience april 2010
TRANSCRIPT
Leasing in Kazakhstan: post crisis experience
April 2010
2007: Overheated economy
TOP 5 Banks in CIS: 2 of them are from Kazakhstan
Total foreign debt of Kazakhstani banks - $46 bn. or 50% of GDP
Excessive financing of residential construction sector
1
Leasing Market Forecast
21,185,2
172,2252
415
763
1 546
2 577
0
250
500
750
1000
1250
1500
1750
2000
2250
2500
2750
2002 2003 2004 2005 2006 2007 2008 2009 F
CAGR = 111%
USD, mln.
2008: Crisis
Liquidity shortage
Bank Interest rates increased from 10-12% to 18-20%
Non performing portfolio of leasing companies 30-50%
1
Post crisis years
Liquidity excess
Volume of new business decreased ~ 5 times
Total portfolio of leasing companies decreased 30-50%
Excess of construction equipment on the market
1
Post crisis learnings
Immediate recognition of losses
Portfolio concentration
Industry financing limits
Discipline
1
Coping with the problems
Changing business model
Scope of services
Geographic expansion
1
Contact info
ARMAN SHARIPOV, CFOHALYK LEASING (ХАЛЫК ЛИЗИНГ)
98 Zheltoksan Ave.Almaty, 050000Kazakhstan
+7 727 239 8797+7 727 239 8798